HomeMy WebLinkAboutordinance.council.044-75RECORD OF PROCEEDINGS
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ORDINANCE NO. ~
(Series of 1975)
AN ORDINANCE APPROPRIATING $100,000.00 OF 1974 SIXTH AND
SEVENTH PENNY TAX PROCEEDS TO THE RESERVE FUNDS ESTABLISHED
ON ADOPTION OF THE RESPECTIVE TAXES; OF WHICH AMOUNT
$50,000.00 SHALL BE ALLOCATED FOR THE SIXTH PENNY, AND
$50,000.00 FOR THE SEVENTH PENNY RESERVE FUNDS, ALL OF WHICH
IS REQUIRED BY THE PROVISIONS OF ORDINANCE 21, SERIES OF 1972,
AND ORDINANCE 24, SERIES OF 1973
WHEREAS, there was retained in 1974 the required
Fifty Thousand ($50,000.00) Dollar bond reserve in each of
the Land Acquisition and Improvement and Transportation Funds
representing the annual bond reserve from Sixth and Seventh
Penny Sales Tax Proceeds mandated by Ordinance 21, Series of
1972, and Ordinance 24, Series of 1973 (which ordinances
established the Sixth and Seventh Penny Sales Taxes), and
WHEREAS, although such amounts were reserved, they
were never appropriated such as to permit their transfer to the
Sales Tax Bond Reserve, and
WHEREAS, the City Council wishes to rectify this
matter and provide for the transfer of said funds,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF ASPEN, COLORADO:
Section 1
That there be appropriated to the Sales Tax Bond
Reserve the amount of One Hundred Thousand ($100,000.00) Dollars
which amount shall consist of Fifty Thousand ($50,000.00) Dollars
of 1974 unappropriated fund balance in the Land Acquisition and
Improvement Fund, and Fifty Thousand ~50,000.00) Dollars of 1974
unappropriated fund balance in the Transportation Fund.
RECORD OF PROCEEDINGS
100 Leaves
Section 2
If any provision of this ordinance or the application
thereof to any person or circumstance is held invalid, such in-
validity shall not affect other provisions or applications of
the ordinance which can be given effect without the invalid pro-
visions or applications, and ~o this end the provisions or
applications of this ordinance are declared to be severable.
Section 3
A public hearing on this ordinance shall be held
on theN day of ~ . . . , 1975 at / ~-~ P.M. in the
City Council Chambers, Aspen City Hall, Aspen, Colorado.
INTRODUCED, READ AND ORDERED published as provided
by law by the City Council of the City of Aspen, at its regular
meeting held~ .~,.~ , 1975.
ATTEST
City Clerk
FINALLY ADOPTED APPROVED ON
AND __ ,
1975.
Kathryn~auter
City Clerk
-2-
STATE OF COLORADO )
) ss
COUNTY OF PITKIN )
CERTIFICATE
I, Kathryn S. Hauter, City Clerk of Aspen, Colorado,
do hereby certify that the above and foregoing ordinance was
introduced, read in full, and passed on ~
reading at a regular meeting of the City Co~uncil of the
City of Aspen on __, 197_.~, and pnblish-
ed in the Aspen Times a weekly newspaper of general circul-
ation, published in the City of Aspen, Colorado, in its
issue of /~2~ , 1974 , and was finally adopted
and approved at a regular meeting of the City Council on
~~/ , 197~and ordered~.~ published as
~/ , Series of 197~5 , of said City, as
Ordinance
No.
provided by law.
IN WITNESS W~IEREOF, I have hereunto set my hand and
the seal of said City of Aspen, Colorado, this
day of ~ , 197 ~
Kathryn S. Hauter, City Clerk